apmex has ms 66 saint gauden gold coins for 2275.00 is that a good buy now
coinsscollect
Posts: 103
looks cheaper then some ebay prices ive seen
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peacockcoins
Ike Specialist
Finest Toned Ike I've Ever Seen, been looking since 1986
Latin American Collection
And these prices are for coins w/o copper spots (unless CAC'd). Figure another 3-5% less for minor spotting.
Unless you are confident of the quality of any Ebay 66's sold, you really can't use that for comparison.
<< <i>At our club auction an MS65 Saint (NGC) went for $1100 this week! Talk about deals, too bad I wasn't able to make it and other likely bidders couldn't either. >>
Wow. A sad commentary where a gem Saint sells for approx $90 under it's melt value.....and 35% under its wholesale/flipping value. Money must be tighter than we think. Tough luck for the consignor putting up a $1700 coin without reserve.
without copper spots. Probably
common dates, 08 NM, 24, 27, 28
<< <i>Good prices if they're PCGS MS66,
without copper spots. Probably
common dates, 08 NM, 24, 27, 28 >>
^Ditto^
If it's an accurately graded PCGS 66 then I'd go for it.
<< <i>
<< <i>At our club auction an MS65 Saint (NGC) went for $1100 this week! Talk about deals, too bad I wasn't able to make it and other likely bidders couldn't either. >>
Wow. A sad commentary where a gem Saint sells for approx $90 under it's melt value.....and 35% under its wholesale/flipping value. Money must be tighter than we think. Tough luck for the consignor putting up a $1700 coin without reserve. >>
+1
I would have figured out a way to make that happen.
I deal with low in rental property and all is good at the present for my renters, they are either on the government tit or make 15 bucks an hour. My brother deals with clients that have 5 million or more in assets and his business is booming. In the 80's I was stupid and had tons of disposable income and no idea what to do with it and wasted it, the 90's were not bad either, I almost sunk my ship in 08 and now I seem to just throw money out the window but it comes in faster than I can throw it out.
Everyone wants a deal
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
<< <i>
<< <i>At our club auction an MS65 Saint (NGC) went for $1100 this week! Talk about deals, too bad I wasn't able to make it and other likely bidders couldn't either. >>
Wow. A sad commentary where a gem Saint sells for approx $90 under it's melt value.....and 35% under its wholesale/flipping value. Money must be tighter than we think. Tough luck for the consignor putting up a $1700 coin without reserve. >>
Yes, I would have gone $1500 at least and the club lets you pay with a check with a 2 day float time. A dealer said if I could make it, as he had the flu, bid it up to $1400 or so. The elderly at the club are mostly all on government security, etc.. Or you get a cash advance put it in your checking then find a dealer buyer the next day or two.
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
As far as whether good buy I will let you make your own conclusions. I would base the decision on how much less I could get a 65 for.
Frankly for me on a big ticket coins like that I would go for the 65 which is much closer to melt and use the change on some other stuff. I have been buying Saints in 63-65 which have nice luster and no spots, especially if close to melt. As 08, 24, 27 coins are common, don't worry about overkill on MS Grade, just want nice coins for grade close to melt.
So I'll ask- for Saints in 63, is it worth the bother sending them to CAC? It seems like there would be hardly any CAC premium in this grade.
<< <i>.......If it's an "accurately" graded PCGS 66 then I'd go for it. >>
There's almost no such as an accurately graded "generic" MS66. And the big gold dealers sell generic coins as a rule. The accurately graded ones are mostly stickered. But if you can find a fresh group of 66's that haven't been seen in 10-20 years going through a local shop or a friend, then your odds are decent to stumble across accurately/conservatively graded coins. Most of the $20's that cycle through ApMex, Heritage, Rarcoa, Gainsville, CNI, Spectrum, and others will be thoroughly searched for stickerable 65's and 66's before they ever make it to J6P. It's got to be the best odds in Vegas where your upside is $1,300+ and downside only $20-$40 (stickering, post and handling). What a great game! A friend of mine stumbled across a fresh hoard of 2 dozen or so 66's last year. He said they were incredible blasty coins of which he expected to get a lot of stickers. Unfortunately the REG packages were stolen in route. All he got was the generic price he paid for them.
I would agree that the stickering rate on 65's and 66's is on the order of 5-15% (and probably closer to 5%) . 63's have never brought much or any premium when stickered. But for a $5-$10 premium, I'd buy them.
I keep only the CAC stickered ones. The market spread between the stickered and non stickered is now $1600 plus.
<< <i>Or you could go the other route and buy CAC Saints in PCGS 66. I've been paying $3,650 to $3,750 for saints that look like this.
MJ
Very pretty Saints, MJ.
The 1927 has a 'guru' look to it!
<< <i>There is a big CAC premium in 65/66; but %s of coins getting the bean are less than 10 for gems and higher. >>
I think those are overvalued too.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>CAC standards are ridiculous and irrational on 65 and above Saints. At the very least they should have a vastly expanded FAQ section full of pictures of those that met their "standard" and why. Plus the CAC outfit is tough to talk to unless you are a big shot with lots of high end coins. Lots of pride and ego there IMO, though covered with a veneer of "professionalism" and golly gee "humility". And the Blanchard connection raises other questions. 40% or less of PCGS and NGC coins pass there so their acceptance rate is pretty low and you can be sure their "standard" is even less than the 40% because lots of coins will not get sent in that the owners don't want to lose additional money on paying all the costs on. >>
On the flip side no other series suffered more from grade-flation then gem Saints.
Mark
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......